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How Did NY Gov. Andrew Cuomo Make $783,000 In Royalties From A Book That Sold Only 3,200 Copies?
IBT ^ | 04/19/17 | LYDIA O'NEAL

Posted on 04/23/2017 7:52:38 PM PDT by Leaning Right

Fox News Channel parent News Corporation may be wrapped up in the sexual harassment accusations surrounding host Bill O’Reilly, but the company is facing another long-running scandal involving what appear to be exuberant payments to a Democrat — payments that occurred even as News Corp. was lobbying the New York State executive branch, which Gov. Andrew Cuomo oversees.

(Excerpt) Read more at ibtimes.com ...


TOPICS: Crime/Corruption; Government; US: New York
KEYWORDS: cuomo; royalties
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To: Leaning Right

Its one of many methods of laundering your money. It could be fresh bribe money, or old ill-gotten gains being laundered into daylight. You pay some intern $30,000 to write your book for you. You collect $10 million as an “advance”; the publisher no doubt takes a generous cut from for his services. Your fellow politicians don’t look too closely at it because they are planning to do the very same thing.


21 posted on 04/23/2017 8:21:31 PM PDT by marron
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To: Leaning Right

22 posted on 04/23/2017 8:25:24 PM PDT by Slyfox (Where's Reagan when we need him? Look in the mirror - the spirit of The Gipper lives within you.)
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To: Leaning Right

donors bought what copies of the book actually sold. It was probably a payola scam in the first place. a number of years ago, a former speaker of the house lost his job over this exact thing.


23 posted on 04/23/2017 8:27:42 PM PDT by JohnBrowdie
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To: sargon

> I can’t imagine what the book’s retail price must have been for the Governor to make such a commission on each copy <

The usual royalty paid to an author is around 10% of the retail price. So for Cuomo’s commission to make sense, each of those 3200 books must have sold for $2,446.90.


24 posted on 04/23/2017 8:29:44 PM PDT by Leaning Right (I have already previewed or do not wish to preview this composition.)
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To: Leaning Right
new math...
25 posted on 04/23/2017 8:32:18 PM PDT by Chode (My job is not to represent the world. My job is to represent the United States of America-#45 DJT)
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To: econjack
It’s the advance against royalties.

Yep. A publisher can advance an author any amount of money it wishes to. If it doesn't make that back in sales, too bad so sad. It's a perfect cover for bribery and it's completely legal.

26 posted on 04/23/2017 8:32:30 PM PDT by Billthedrill
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To: Leaning Right
"Book Deal"

right

These subversive A$$holes don't even bother to try and hide.

media research

27 posted on 04/23/2017 8:35:36 PM PDT by onona (Keeping the faith will be our new directive for the republic !)
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To: Leaning Right

Calling Jeff Sessions >>>>>>
Looks like a crime scene


28 posted on 04/23/2017 8:39:41 PM PDT by ptsal
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To: Leaning Right

Didn’t the Obama’s just lasso $60 million for their book deals?


29 posted on 04/23/2017 8:43:54 PM PDT by Gritty (Islam is king on a field of corpses - Mark Steyn)
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To: Leaning Right

Assuming that the total reported number of copies sold is accurate...I’m wondering where they found 3,200 people who were stupid enough to want to pay money for something Andrew Cuomo wrote.


30 posted on 04/23/2017 8:52:54 PM PDT by Milton Miteybad (I am Jim Thompson. {Really.})
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To: Leaning Right

I’m thinking pretty much the same way he made an $18 mil bonus directing HUD. BTW, wasn’t that what it cost to campaign for governor of New York?


31 posted on 04/23/2017 8:54:58 PM PDT by printhead (I need a new tagline. Happy days are here again.)
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To: Leaning Right

There could be a very simple explanation to this.

Maybe the publisher, to get the book, had to offer money up front in large amounts and take a bigger residue on the book sales.

We’ll say he was offered $500K to publish through them and only received the rest based upon sales or other residuals like future books or per diem for signing trips. Don’t let them goad you into making the guess that it just by a percentage of sales to try to slander someone. We have no idea what his contract says and neither does the International Business Times who should know better than this. Lies.

red


32 posted on 04/23/2017 8:56:08 PM PDT by Redwood71
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To: Redwood71

A large cash advance was certainly involved. The percentage-of-sales comments here are being done sarcastically.

But note that only 3200 books were sold. And this book was put out by a well-established publisher. Do you think that those publishers are so stupid that they couldn’t predict that less than 10,000 books would be sold? They knew. This was a bribe.

Sometimes if it quacks like a duck, it’s a duck.


33 posted on 04/23/2017 9:11:05 PM PDT by Leaning Right (I have already previewed or do not wish to preview this composition.)
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To: boop

In the words of George Carlin. It’s a club and you ain’t in it.


34 posted on 04/23/2017 9:15:25 PM PDT by Pollard (TRUMP 2016)
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To: blueunicorn6

I read where the DNC bought thousands of books that B.Hussein O. had a ghost writer pen about Hussein’s so called FATHER.

and they gave them a gifts to folks who donated to DNC...and BHO collected the royalties.

AND SUPPORTERS THOUGHT HIS BOOK WAS A ‘BEST SELLER’ LOL


35 posted on 04/23/2017 9:32:31 PM PDT by haircutter
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To: haircutter

Something like this may have been part of it. There are also all kinds of rights that can be sold, of which the author takes a share. I can’t imagine this one selling overseas, though. Probably a special sale to the DNC.


36 posted on 04/23/2017 9:50:01 PM PDT by firebrand
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To: Leaning Right

Out of the 3,200 copies....you can figure NY libraries probably bought 10-percent of the copies. Maybe nationally...another 10-percent were bought. I would take a guess that private readers might have bought 40-percent of the group, and foundations swooped in to buy the remainder....which got dumped in some landfill later.

Most of these $500,000-plus contracts are the same way.


37 posted on 04/23/2017 10:20:37 PM PDT by pepsionice
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To: Leaning Right
How Did NY Gov. Andrew Cuomo Make $783,000 In Royalties From A Book That Sold Only 3,200 Copies?

It's called money-laundering, and it's a fine political art.

Talk to Hillary about that.
She teaches doctorates on the subject.

38 posted on 04/23/2017 10:51:23 PM PDT by publius911 (I SUPPORT MY PRESIDENT?)
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To: Leaning Right
Sounds like someone needs to be waterboarded for answers! 😀
39 posted on 04/23/2017 11:51:22 PM PDT by kiryandil (Americ)
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To: Sasparilla

Cattle book futures...


40 posted on 04/23/2017 11:54:17 PM PDT by kiryandil (Americ)
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